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has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. The feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling more than 20,000 milking cows. Gevo received approximately $9.3
The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 As originally outlined by founding project partners Sasol, Petronas and Uzbekneftegaz, the project was estimated to cost some $4.1 Uzbekistan started forming a banking consortium to finance the plant construction in September 2013.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. If this potential production supplied the Volt Gas Volt plants, the nuclear plants could operate at nearly 100% capacity. Click to enlarge.
The cost of the deal is $1.9 In addition, Electra Afikim will bear the cost of the electricity. The support of the Ministry of Transportation is important especially since the ministry is the entity that finances the public transportation activity in Israel, and the entity that approved the use of Electreon’s wireless charging.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. This is equivalent to energy costs of US$60 a barrel. The report was formally handed over to partners on 20 December.
Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. Representative costs are reported in constant December 2010 US dollars. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Source: EPRI.
The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.
are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. SolarCity and American Honda Motor Co.,
Hyundai will support the construction cost of the hydrogen refueling station while providing up to 12 fuel cell electric buses as well as their maintenance and service. Air Liquide Korea will provide two high-capacity hydrogen chargers and supply hydrogen gas. Hyundai fuel cell bus. In September 2019, Hyundai and Cummins Inc.
According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.
With this level of cell energy efficiency—well above International Renewable Energy Agency’s (IRENA) 2050 target and significantly better than existing electrolyzer technologies—hydrogen production cost could be well below US$1.50/kg. This leads to inherently bubble-free operation at the electrodes. Hodges et al.
The US Department of Energy (DOE) announced up to $25 million in funding to reduce the cost of algal biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. Reservoirs could include atmospheric CO 2 , supplied CO 2 , and biologically available carbon in the cultivation system. Earlier post.).
to finance the development and production of low-carbon fuels and energy transition metals. Our extensive experience in building, developing and financing natural resource assets and companies allows us to consider trade-offs of resource projects thoughtfully. NORI and Low Carbon Royalties are a great fit.
has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. The Supply Agreement has two phases: In the first phase, HCS will purchase isooctane produced at Gevo’s demonstration hydrocarbon plant located in Silsbee, Texas.
Initially batteries will be employed but should, for example, hydrogen become a viable alternative at some point, containers equipped with hydrogen technology could supply power in the same way. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., Clean Energy will then help offset the monthly cost of newly-acquired NGVs to make it consistent with the cost of a diesel truck, if the customer makes a fuel commitment.
The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF).
Cost of carbon abated for transport applications. It is likely that the development of Bio-SNG facilities will require the developer to go upstream into the supply chain for both grown and waste derived fuels, however, specification and quality control are vital determinants of project success. Cost of carbon abated. Feedstocks.
The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Source: Bloomberg New Energy Finance. and 17% in Japan.
A newly released report financed by the World Bank and prepared by consultancy PRTM analyzes China’s New Energy Vehicles Program, as well as the Ten Cities, Thousand Vehicles Program, in the context of these megatrends and concludes that the overall value chain shift could favor China from both a technological and supply chain perspective.
Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth. SVX recently closed a Series A funding of $8.4
The total worldwide manufacturing capacity of lithium-ion batteries for electric vehicles will greatly exceed supply unless demand by automakers increases significantly in the short-term, according to new research by Bloomberg New Energy Finance (BNEF). As a result of the overcapacity, battery prices are poised to fall.
Up to 77% of the world’s energy supply could be met by six key renewables by mid-century under the most optimistic scenario if backed by the right enabling public policies, according to a new report by more than 120 researchers working with the Intergovernmental Panel on Climate Change (IPCC). Source: SRREN. Click to enlarge.
The vision for the ESGC is, by 2030, to create and sustain US global leadership in energy storage utilization and exports, with a secure domestic manufacturing base and supply chain that is independent of foreign sources of critical materials. Over the Fiscal Years 2017-2019, DOE has invested more than $1.2
Sorghum will extend the ethanol production season by as many as 60 days or more, according to most experts, thereby expanding fuel supplies and lowering the cost of financing mill construction. Sweet sorghum grows quickly, use less water and fertilizer than sugarcane, and achieves peak sugars at different times of the year.
They best met the awarding criteria and offered the best price-quality terms relating to total cost of ownership, zero-emission range, technical quality and look & feel. As the top-ranked competitor, Van Hool will supply 60% (36 e-buses) of the framework agreement’s initial 60 e-buses; VDL will supply 40% or 24 e-buses.
After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit-approved customers. Fisker is pricing its new Ocean electric SUV with an MSRP of US $37,499.
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle.
It is an ideal fun hatch which offers premium, safety and technology features, eco-friendly footprint, spirited performance, all made even more desirable with the added advantage of a low cost of ownership.
Financing is planned through debt and grants. Products from this captive plant will now be expanded to broader markets including utilities, energy storage of wind and solar, aerospace, micro-grids, marine and automotive industries while maintaining supply to its present customer.
The work plan financed by the EC is divided into two stages: modification of a light-weight two-seater airplane with an electric engine completely supplied by hydrogen; the test flights on this are aimed at identifying the technical advantages and improvements in performance obtained with the new generation electrical energy.
Our first project must be absolutely ‘bankable’ to obtain the necessary project financing. They offer the Lurgi MegaMethanol process, an advanced technology for converting natural gas to methanol at low cost in large quantities. The syngas production section accounts for more than 50% of the capital cost of a methanol plant.
The zero-emission commitment from the school significantly lowers operating and fuel costs for the district to 50% of what it paid previously when charging its electric buses, as well as reducing the exposure of students and the local community to diesel particulate pollution. kWh through AMPLY’s fully-managed, turnkey charging services.
announced a battery and power electronics development and supply agreement and an investment in eNow, Inc., Under the terms of the agreement, XL Fleet will supply battery and power electronics systems for the first 1,000 units of eNow’s new electrified refrigerated trailer solutions. XL Fleet Corp.
Investments outside production are mainly planned for the areas of development, quality assurance, sales, genuine parts supply and information technology. These investments will be financed from the joint ventures’ own funds. In addition to spending on capex, the plans also include capitalized development costs of €21.9
Environmental costs are often not shown on financial statements because the bearers of such costs can be either particular individuals or society at large, are often both non-monetary and problematic to quantify for comparison with monetary values. Source: KPMG. Click to enlarge. billion by 2032.
The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. Those that have a flexible manufacturing capability and a responsive supply base will win the day. The remaining 23 million units will sell in the used-car market.
Faraday Future cited supply chain issues as the cause of the delay. The amount of money the company needs depends on the difference between its cost estimates and the actual costs of operation. A few auto manufacturers have openly discussed rising costs, including Tesla.
In line with the government’s plan to develop a national e-vehicle industry, the project will support the establishment of an e-vehicle parts industry, battery supply chain, and charging stations, including five off-grid solar charging stations. million.
Besides investments in property, plant and equipment, the total amount also includes additions to capitalized development costs of €11.6 Investments outside production are mainly planned for the areas of development, quality assurance, sales, genuine parts supply and information technology. billion net of proceeds from asset disposals.
However, the financial cost of the shift is causing concern. Our aim is to achieve a sustainable energy system with secure supplies and affordable electricity. More than 90% cite affordability and security of supply as the biggest challenges to a successful energy transition.
Element Energy used a component-based cost model to estimate the current and future costs of conventional and novel powertrains based on peer-reviewed data—e.g., on batteries and fuel cell costs trends and the costs of vehicle mass reduction. Fuel cell system cost projections over time and volume.
The difference in outcomes under the two scenarios and thus the opportunity cost of not realizing the Asian Century scenario is huge, especially in human terms. The draft report compares the potential outcomes for Asia under two competing scenarios: the Asian Century and the Middle Income Trap. —Haruhiko Kuroda. Energy consumption.
Lithium brine operations typically have a much lower cost of production than hard-rock lithium deposits. The cash operating cost of approximately US$3,500/t positions the Company as being one of the lowest cost lithium producers globally.
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